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Price spikes and delivery delays seen in Singapore ahead of IMO 2020

Bunkering vessels are being taken offline for tank cleaning ahead of IMO 2020, causing delays and resultant price spikes at top bunkering port Singapore. Some neighbouring ports are reportedly benefiting from this

There is confusion in the market as some tankers are loaded with LSFO at anchorages waiting on IMO 2020 arbitrage plays, while some of the remaining vessels are getting their tanks cleaned in preparation to take on compliant fuel, resulting in supply shocks

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